FY 2020 Updated Fee Schedule for SBA Oversight of 7(a) Lenders
March 13, 2020
By Caity Witucki
Contributing Editor
FY 2020 Updated Fee Schedule for SBA Oversight of 7(a) Lenders
Thursday night, the SBA released a notice announcing the FY 2020 updated fee schedule for SBA oversight of 7(a) lenders. The following fees are in effect as of March 11, 2020:
The annual fee for monitoring, the LPA and Other Lender Oversight Activities will now be $123.11 (for SBA Supervised Lenders) and $124.89 (for Federally Regulated 7(a) Lenders) for every $1 million in 7(a) guaranteed dollars a 7(a) Lender has outstanding. The information notice from the SBA explains that the charge for the Federally Regulated 7(a) Lenders is slightly higher because it includes the costs associated with oversight tools that are not applicable to SBA Supervised Lenders.
The additional fee for Delegated Authority Lenders is now approximately $15 for every $1 million in 7(a) guaranteed dollars a delegated Lender has outstanding. The notice says this fee covers the costs of Delegated Authority Reviews and is assessed annually based on each delegated 7(a) Lender’s portion of the total dollar amount of 7(a) guarantees in the SBA loan portfolio for all delegated 7(a) Lenders as of the end of the prior fiscal year.
Questions concerning this fee schedule should be directed to Nichole Hinds, Supervisory Program Analyst, Office of Credit Risk Management at Creditriskmgt@sba.gov.
